Fuel and Diesel Costs: Fuel rates were steady across city cities todayPetrol, Diesel Rates Today: Fuel, diesel rates were kept unchanged for 23rd consecutive day on Saturday, November 27.
In the nationwide capital, petrol is currently sold for Rs 103.97, while the diesel rates stood at Rs 86.67 per litre, according to Indian Oil Corporation.
In Mumbai, fuel is retailed at Rs 109.98 per litre; while diesel is being sold at Rs 94.14 per litre.On November 4, the federal government had actually slashed excise responsibility on petrol and diesel to bring rates somewhat below the record-high levels.
In spite of the reduction in rates, petrol rates are still above the Rs 100 per litre mark across the four metros and several cities in the country.Currently, among the metro cities, fuel rates are the highest in Mumbai.
The rates differ across the states due to value-added tax or VAT.
(Also Check out: How To Check Latest Petrol And Diesel Rates In Your City).
State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum modify the fuel rates every day, by taking into account the petroleum rates in the international markets, and the rupee-dollar exchange rates.
Any changes in fuel and diesel rates are carried out with effect from 6 am every day.Oil rates plunged $10 a barrel on Friday, their largest one-day drop given that April 2020, as the Covid version startled financiers and added to issues that a supply surplus could swell further.Oil fell with international equities markets on fears the version, could moisten financial development and fuel demand.Brent crude settled $9.50, or 11.6 per cent, to $72.72 a barrel, a weekly decrease of more than eight percent.
United States West Texas Intermediate (WTI) crude settled $10.24 on Friday, or 13.1 percent, at $68.15 a barrel, declining more than 10.4 per cent on the week in high volume trading after Thursday's Thanksgiving vacation in the United States.